Location, Location, Location!

Location, Location, Location!

You’ve started your house hunt and dreams of large living spaces, finished basements and luxurious master bathrooms are floating in your head, but don’t forget that what is outside of your home can dictate how you feel about your entire investment.

According to the National Association of Realtors’ Profile of Home Buyers and Sellers, 43 percent of home buyers reported convenience to work as a reason for choosing a particular home. This indicates that your home location can impact your whole way of life, and elements like walkability and driving distance to the train, schools, work and family can be deal breakers when looking for the home of your dreams. This is why it’s important to do your homework before you go out to look at options. Here are some tips in preparation of your search to make the process run smoothly and ensure that your new home will be the perfect fit for your personal needs.

Surf the Web. These days it’s easier than ever to research neighborhoods on the web, but wouldn’t it be nice to see where a home for sale is located in relation to significant places in your life? Coldwell Banker Residential Brokerage solves that problem with Spokes, and handy new tool on ColdwellBankeronline.com that helps home buyers get distance and travel times (driving, biking or walking) between listings and other key destinations of their choice.

Don’t Get Discouraged. The house of your dreams may not exist in the perfect location, but don’t be too quick to say no to a fixer upper. Remember that even minor updates, creative decorating and a fresh coat of paint can go a long way. And if the price is right, consider larger renovations like additions or knocking down a wall to create the open floor layout you desire.

Get Acquainted. Spend a day in the neighborhood that you are considering making a move to. Test out the commute time to work, take a walk to nearby businesses and schools, and chat with neighbors on the block. By doing this you can kill two birds with one stone – scope the location and get a feel for the personality of the community.

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